1. ESOP - Noun
2. ESOP - Proper noun
a program under which employees regularly accumulate shares and may ultimately assume control of the company
Source: WordNetAccording to the National Center for Employee Ownership, there are approximately 7,000 ESOP companies in the U.S., and 28 million employees participating in employee ownership plans. Source: Internet
OYO said the employees opting for VSP will receive financial assistance, relaxation on ESOP vesting besides being eligible for health coverage, parental insurance and other company benefits. Source: Internet
I think the addition of the ESOP to the benefits package just makes us that much more attractive as a place for someone to build their career.” Source: Internet
Over 30 percent of companies also made ESOP provisions available for external advisers and consultants. Source: Internet